BlackRock Global Equity Absolute Return Fund (BGRAX)
Fund Info
US09261A7063
Dec 21, 2021
$1,000
Large-Cap
Growth
Expense Ratio
BGRAX has a high expense ratio of 2.20%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Global Equity Absolute Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Global Equity Absolute Return Fund had a return of 4.42% year-to-date (YTD) and 5.53% in the last 12 months.
BGRAX
4.42%
0.79%
-1.21%
5.53%
N/A
N/A
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of BGRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.58% | 1.04% | 1.37% | -1.02% | 2.74% | 1.33% | -0.99% | -0.66% | -1.00% | -0.68% | 1.36% | 4.42% | |
| 2023 | 4.25% | -2.99% | 0.12% | 0.62% | 0.86% | 2.19% | 2.02% | -1.40% | -1.65% | 0.72% | 2.63% | 1.26% | 8.72% |
| 2022 | -5.40% | -2.64% | -0.43% | -3.92% | -1.70% | -0.69% | -0.37% | -0.83% | 0.12% | 0.95% | 3.30% | 0.32% | -11.00% |
| 2021 | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BGRAX is 36, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Global Equity Absolute Return Fund (BGRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Global Equity Absolute Return Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $0.00 | $0.12 | $0.88 |
Dividend yield | 0.00% | 1.34% | 10.97% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Global Equity Absolute Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2022 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.88 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Global Equity Absolute Return Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Global Equity Absolute Return Fund was 15.99%, occurring on Sep 19, 2022. Recovery took 385 trading sessions.
The current BlackRock Global Equity Absolute Return Fund drawdown is 3.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.99% | Dec 27, 2021 | 184 | Sep 19, 2022 | 385 | Apr 2, 2024 | 569 |
| -6.03% | Jul 11, 2024 | 41 | Sep 6, 2024 | — | — | — |
| -2.67% | Apr 9, 2024 | 16 | Apr 30, 2024 | 4 | May 6, 2024 | 20 |
| -1.75% | May 28, 2024 | 5 | Jun 3, 2024 | 7 | Jun 12, 2024 | 12 |
| -0.98% | Jun 13, 2024 | 6 | Jun 21, 2024 | 3 | Jun 26, 2024 | 9 |
Volatility
Volatility Chart
The current BlackRock Global Equity Absolute Return Fund volatility is 1.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.